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re: Supply Chains Implode As "Price Doesn’t Even Matter Anymore"
Posted on 4/28/21 at 10:24 pm to Earthquake 88
Posted on 4/28/21 at 10:24 pm to Earthquake 88
What you're referring to with freight and truckers - is this a story where the largest players are getting all the market while everybody else is going out of business? Sounds like a combination of extreme retraced demand with limited options for fulfilment due to solvency issues from players who couldn't survive global lockdowns maybe?
Posted on 4/29/21 at 8:21 am to wutangfinancial
quote:
What you're referring to with freight and truckers - is this a story where the largest players are getting all the market while everybody else is going out of business? Sounds like a combination of extreme retraced demand with limited options for fulfilment due to solvency issues from players who couldn't survive global lockdowns maybe?
If you are talking about independent family run truck drivers they’ve been squeezed for years. The current DOT regulations really make it hard on them. Most of the truck drivers I speak with a good many of them are from eastern block countries or speak Spanish. Americans, a good many of them simply don’t want to work. I got asked in the grocery store line yesterday if I had any kids that need a job. There are help wanted signs everywhere around here.
In regards to solvency among the cargo ship companies no that’s not an issue because of lockdowns. If anything global trade increased oddly enough during the pandemic. I personally think there are people out there as a collective group parking cargo ships at the docks and doing it on purpose. There is a shortage not only ships but the containers to load ships. It appears to me to be a money grab set forth by greed.
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